Comerica (CMA) EVP exits company stock as Fifth Third merger closes
Rhea-AI Filing Summary
Comerica Inc. executive vice president James McGregor Carr reported the automatic conversion of his Comerica holdings in connection with the company’s merger with Fifth Third Bancorp. On February 1, 2026, all 43,414 shares of Comerica common stock shown in the filing were disposed of as part of the merger, with each share converted into 1.8663 shares of Fifth Third common stock.
The filing also shows multiple employee stock options, each originally giving the right to buy Comerica common stock, coded as dispositions on the same date. According to the footnotes, these options were converted into corresponding Fifth Third equity awards under the merger agreement. As a result of the merger, Carr no longer beneficially owns any Comerica common shares. The footnotes note that Fifth Third common stock closed at $50.22 per share on the last trading day before the effective time.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 3,930 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 2,510 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 3,050 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 3,530 | $0.00 | -- |
| Disposition | Common Stock | 43,414 | $0.00 | -- |
Footnotes (1)
- As previously disclosed in a Current Report on Form 8-K filed with the SEC on February 2, 2026, at 12:01 a.m. ET on February 1, 2026 (the "Effective Time"), the issuer completed its previously announced merger with Fifth Third Bancorp ("Fifth Third"), and each share of the issuer's common stock, $5.00 par value per share, was converted into 1.8663 shares of Fifth Third common stock, no par value ("Fifth Third Common Stock"). All transactions reflected herein are dispositions in connection with the merger. The closing price of Fifth Third Common Stock on the Nasdaq Stock Market LLC on the last trading day prior to the Effective Time was $50.22 per share. At the Effective Time, all equity awards held by the reporting person were converted to (i) an equivalent Fifth Third equity award or (ii) Fifth Third Common Stock, in accordance with the terms set forth in the merger agreement, which was previously filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC on October 9, 2025 (the "Merger Agreement"). As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of the issuer's common stock. At the Effective Time, each outstanding and unexercised stock option converted into a corresponding option with respect to Fifth Third Common Stock in accordance with the terms set forth in the Merger Agreement. All transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
